Misleading Inferences from Panel Unit Root Tests: a Reply* Journal Article

Overview

abstract

• AbstractFord et al. (this issue) point out that the SURADF panel unit root test may be sensitive to panel composition. This reply shows that they overstate the case since they focus on a short time series of 44 observations. Type II errors are much more likely in this environment so that inconsistent conclusions may arise for individual panel members across differently composed panels. We demonstrate that this problem becomes much less likely when the number of time‐series observations increases.

CU Boulder Authors

• Mc Nown, Robert F

publication date

• August 1, 2006

has restriction

• closed

Date in CU Experts

• July 14, 2014 11:47 AM

Full Author List

• Breuer JB; McNown R; Wallace M

author count

• 3

published in

• Review of International Economics  Journal

Other Profiles

International Standard Serial Number (ISSN)

• 0965-7576

Electronic International Standard Serial Number (EISSN)

• 1467-9396

Digital Object Identifier (DOI)

• https://doi.org/10.1111/j.1467-9396.2006.00588.x

Additional Document Info

start page

• 512

end page

• 516

volume

• 14

issue

• 3